Munich, July 23, 2020 – Gütt Olk Feldhaus advised Scalable Capital GmbH on the largest financing round in the company's history. The Series D financing round raised €50 million, taking the total amount raised so far by Scalable Capital to €116 million.
Scalable Capital is Europe's largest digital wealth management company with more than € 2 billion under management. Only in June 2020 Scalable Capital also launched a neo-broker, a digital securities trading platform on which customers can trade shares, ETFs and funds. The fresh capital now raised in the latest financing round will be utilized to further strengthen Scalable Capital's position as leading digital wealth manager and to promote further growth in the brokerage and B2B business.
The financing round was led by a new investor with all existing investors, i.e. BlackRock, HV Holtzbrinck Ventures and Tengelmann Ventures, also participating.
Legal advisors Scalable Capital GmbH:
Gütt Olk Feldhaus, Munich: Adrian von Prittwitz (Partner, Corporate/M&A, lead), Thomas Becker (Of Counsel, IP/IT/Data protection), Isabelle Vrancken (Senior Associate), Ricarda Theis (Associate, both Corporate M&A)
MOOG: Marc Sälzer (Taxes)
Inhouse: Dr Alexis Darányi (Chief Legal Officer), Florian von Kampen (Senior Legal Counsel)
The transaction was notarized by the notary Dr Benedikt Pfisterer in Munich.
About Gütt Olk Feldhaus:
Gütt Olk Feldhaus is a leading international law firm based in Munich, Germany. We advise on all aspects of commercial and corporate law. The main areas of our expertise are company law, M&A, private equity and finance. Gütt Olk Feldhaus also handles litigation in these areas.
Adrian von Prittwitz, LL.M.(LSE)
Tel. +49 89 24 22 41 131